Path: Top Journal Jurnal_Keuangan_dan_Perbankan 2014

Identifikasi Variabel Penentu Struktur Modal dan Adjustment to Target Capital Structure: Trade-off Theory

Jurnal Keuangan dan Perbankan: Volume 18, Nomor 3, September 2014
Journal from JIPTUNMERPP / 2017-07-27 10:13:15
Oleh : C. Ambar Pujiharjanto ; Nilmawati ; R. Hendri Gusaptono, Diploma 3 of Banking and Finance Merdeka University Malang
Dibuat : 2014-09-01, dengan 0 file

Keyword : Adjusment to target capital structure, trade-off theory of capital structure

The purpose of this paper was to test the trade-off theory of capital structure. We started with identifying variables that influenced capital structure. Partial Adjustment Model used in this study was to test adjustment to target capital structure. Based on sample of non-financial Indonesian listed firms from 2008 to 2012, we found liquidity, profitability, tangible asset, growth, and cash flow influenced the use of debt on the firm. The results of the test Speed of Adjustment (SOA) with Partial Adjustment Model showed the inconsistency of the Dynamic Trade-Off Theory.

Deskripsi Alternatif :

The purpose of this paper was to test the trade-off theory of capital structure. We started with identifying variables that influenced capital structure. Partial Adjustment Model used in this study was to test adjustment to target capital structure. Based on sample of non-financial Indonesian listed firms from 2008 to 2012, we found liquidity, profitability, tangible asset, growth, and cash flow influenced the use of debt on the firm. The results of the test Speed of Adjustment (SOA) with Partial Adjustment Model showed the inconsistency of the Dynamic Trade-Off Theory.

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PropertiNilai Properti
ID PublisherJIPTUNMERPP
OrganisasiDiploma 3 of Banking and Finance Merdeka University Malang
Nama KontakDra. Wiwik Supriyanti, SS
AlamatJl. Terusan Halimun 11 B
KotaMalang
DaerahJawa Timur
NegaraIndonesia
Telepon0341-563504
Fax0341-563504
E-mail Administratorperpus@unmer.ac.id
E-mail CKOwsupriyanti@yahoo.com

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  • Editor: Wiwik Supriyanti, Dra. SS.